Annuity Payment Option

Definition of "Annuity payment option"

Series of payments made on either a FIXED DOLLAR ANNUITY basis or VARIABLE DOLLAR ANNUITY basis.

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Abandonment And Salvage

Legal status giving an insurance company all rights to an insured's property. The abandonment clause is usually found in marine insurance and not in o ...

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Prospecting

Soliciting of customers for the purchasing of an insurance product. ...

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